Scenario: Roberts Corporation and William Company On January 1, 2009, Roberts Corporation acquired 40 percent of the outstanding voting stock of William Company in exchange for $600,000 cash. At that time, although William's book value was $925,000, Roberts assessed William's total business fair value at $1,500,000. The book values of William's individual assets and liabilities approximated their acquisition date fair values except for the equipment account which was undervalued by $350,000. The undervalued equipment had a five-year remaining life at the acquisition date. Any remaining excess fair value was attributed to goodwill. No goodwill impairments have occurred. During its first year of combined operations, William earned net income of $180,000 and paid dividends totaling $30,000. Prepare all necessary general journal entries for the year ending December 31, 2009 in an excel sheet. Include supporting calculations of all amounts in a separate schedule